206 5th St N, Fairbank, IA, 50629
About This Home
Beautifully updated and move-in ready, this spacious home in Fairbank offers the perfect blend of modern style, functional space, and a rare in-town setting on nearly an acre—conveniently located right across from the elementary school. Featuring 5 bedrooms, 3.5 bathrooms, and over 2,800 finished square feet, this home has been thoughtfully upgraded throughout. The main floor showcases new flooring, fresh paint, and a welcoming living area. The finished basement adds even more flexibility with two additional bedrooms (new egress windows last fall) and two bonus rooms (no egress)—perfect for a home office, gym, etc. Outside, enjoy the space of a .89-acre lot—an uncommon find in town. Enjoy the convenience of being just steps from the elementary school and pool! We’ve had inquiries about parceling off the back lot so this could be an option for someone wanting to lower the mortgage amount! Please call or text the for sale by owner phone number listed to take a look.
Getting Around
Car-Dependent
Very Limited Transit
Somewhat BikeableSchools
Construction
Condition
- Year built: 1977
Materials
- Foundation: Concrete Block
- Roof: Asphalt
- Construction materials: brick
Type & Style
- Home type: SingleFamily
Interior
Appliances
- Appliances included: Dishwasher,Dryer,Garbage disposal,Microwave,Range / Oven,Refrigerator,Washer
Basement
- Basement: Finished
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 3
- 1/2 bathrooms: 1
Features
- Flooring: Carpet,Linoleum / Vinyl
- Fireplace features: masonry
- Fireplace: Yes
Heating & Cooling
- Heating features: Other,Electric
- Cooling features: Central
Interior Area
- Total interior livable area: 2,894 sqft
Property
Details
- Parcel number: 0105227007
Features
- Exterior features: Brick
Lot
- Lot size: 0.89 Acres
Parking
- Total spaces: 2
- Parking features: Garage - Attached
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Drought
- Hail
- Inland Flooding
- Strong Wind
- Tornado
- Winter Weather
- Cold Wave
- Lightning
How This Home’s Risks Compare
FEMA Declared Disasters Across Iowa Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $1,819 | $21,828 |
| Home Insurance * | $362 | $4,344 |
| Property Taxes | $409 | $4,908 |
| Electricity | $215 | $2,590 |
| Total | $2,805 | $33,660 |
Income You'd Need if You Spent...
Iowa FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-05-06 | Price change | $365,000 |
| 2026-05-01 | Price change | $368,000 |
| 2026-04-28 | Price change | $370,000 |
| 2026-04-23 | Listed for sale | $379,000 |
| 2023-08-04 | Listing removed | -- |
| 2023-05-06 | Pending sale | $325,000 |
| 2023-05-01 | Listed for sale | $325,000 |
| 2020-12-18 | Sold | $243,000 |
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